Foreign Investment in Canada Falls to Lowest Since Start of ‘24

Prime Minister Mark Carney has reached an agreement with Alberta to develop a new heavy oil pipeline from the province's oil sands to the Pacific coast, a project that is expected to face significant opposition, particularly from First Nations groups and environmental advocates.

Brazilian iron ore producer Vale SA announced a special dividend for its shareholders, driven by robust operational performance and elevated iron ore prices this year.

Gold prices have remained steady and are on track for a fourth consecutive monthly gain, buoyed by optimism surrounding a potential interest rate cut by the Federal Reserve next month. This sentiment has been reinforced by comments from Fed officials and recent economic data suggesting a weakening labor market.

Oil prices are on track for their longest streak of monthly losses since 2023, driven by market uncertainties surrounding an upcoming OPEC+ meeting and ongoing geopolitical tensions related to the conflict in Ukraine. Traders are closely monitoring these developments as they assess future supply dynamics and pricing risks.

Chinese electric vehicle stocks have faced disappointing earnings results, leading to heightened investor anxiety about the market's future, particularly as 2026 approaches. This downturn reflects broader concerns about the sustainability of growth in the EV sector amidst increasing competition and economic pressures.

Asian stocks opened with uncertainty on Friday as the recent global equity rally appeared to be losing steam, reflecting a broader trend of market volatility. Investors are increasingly cautious following a week of sharp fluctuations in stock prices, particularly in the U.S. market.

China has significantly expanded its influence in global shipping by investing billions in port infrastructure worldwide, positioning itself strategically amid rising trade tensions. This dominance raises security concerns among other nations as they grapple with China's growing economic footprint.

Canada has recently struck a pipeline deal with Alberta aimed at diversifying its oil exports beyond the United States, a move highlighted by Mark Carney's assertion that the trading relationship with the U.S. has shifted from being a strength to a weakness.